Business Day Property Focus (March 2018): Sector off to a rocky start
The sharp sell-off of a number of blue chip property stocks since January, including the Resilient stable of companies and pure rand hedge counters such as MAS Real Estate, Sirius Real Estate, Intu Properties and Hammerson, has dragged the South African listed property sector down more than 16% year to date. Last year, property stocks delivered an impressive 17% average total return. Share price weakness has created buying opportunities for investors who are prepared to sit out current volatility. Metope CEO Liliane Barnard comments.